Kforce (NASDAQ:KFRC) Hits New 1-Year Low – Should You Sell?

Kforce Inc. (NASDAQ:KFRC)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $54.59 and last traded at $54.65, with a volume of 17335 shares traded. The stock had previously closed at $55.58.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KFRC. StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Sidoti raised shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.75.

Kforce Stock Performance

The business’s 50-day moving average is $61.63 and its 200 day moving average is $62.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.33 and a current ratio of 2.33. The company has a market cap of $1.05 billion, a PE ratio of 19.23 and a beta of 0.87.

Kforce (NASDAQ:KFRC) last released its earnings results on Monday, July 29th. The business services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The company had revenue of $356.32 million during the quarter, compared to analyst estimates of $356.20 million. During the same quarter in the previous year, the company posted $0.95 EPS. Kforce’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities research analysts predict that Kforce Inc. will post 2.7 EPS for the current fiscal year.

Kforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Friday, September 13th. Kforce’s payout ratio is 52.60%.

Institutional Investors Weigh In On Kforce

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in Kforce by 59.9% in the 2nd quarter. Blue Trust Inc. now owns 427 shares of the business services provider’s stock worth $27,000 after buying an additional 160 shares during the period. Kathleen S. Wright Associates Inc. bought a new position in Kforce in the third quarter worth $30,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Kforce by 487.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 670 shares of the business services provider’s stock valued at $47,000 after buying an additional 556 shares during the last quarter. nVerses Capital LLC lifted its stake in Kforce by 50.0% during the 2nd quarter. nVerses Capital LLC now owns 900 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 300 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in Kforce during the 2nd quarter valued at $68,000. Institutional investors own 92.77% of the company’s stock.

About Kforce

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.